In 1980,Artima Corporation Purchased an Office Building for $400,000 for Use

Multiple Choice

In 1980,Artima Corporation purchased an office building for $400,000 for use in its business.The building is sold during the current year for $550,000.Total depreciation allowed for the building was $390,000;straight-line would have been $360,000.As result of the sale,how much section 1231 gain will Artima Corporation report?

A) $150,000
B) $398,000
C) $510,000
D) $540,000